Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
674.9 mln EUR
NAV
142.3 USD
Domicile
Ireland
Inception date
11 April 2012
Data as declared by UBS in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description
UBS MSCI USA Value UCITS ETF USD dis tracks the issuer-declared index: MSCI USA Value Total Return Net. The declared annual cost (TER) is 0.20%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is full physical replication. The fund has assets of about 675 million euro, was launched on 11 April 2012 and is domiciled in Ireland.
The fund’s objective — in the issuer’s words
The Fund is passively managed and seeks to track performance of the MSCI USA Value Index (Net Return) (the 'Index'). The Index is designed to measure the performance of mid and large capitalisation companies which are characterised as value stock (i.e. are priced at a low level relative to what is considered to be their fundamental value) and listed on markets in the USA. The Fund will seek to hold all of the shares of the Index, in the same proportions as the Index, so that essentially the portfolio of the Fund will be a near mirror image of the Index. In seeking to implement its investment objective of tracking the performance of the Index, the Fund may also in exceptional circumstances hold securities which are not comprised in its Index, including, for example, securities in respect of which there has been an announcement or it is expected that they will shortly be included in the Index. The Fund may, for the purpose of reducing risk, reducing costs or generating additional capital or income, use derivative instruments. The use of derivative instruments may multiply the gains or losses made by the Fund on given investment or on its investments generally. Currency hedged share classes may also be available in the Fund. The Fund may enter into securities lending transactions. Sustainability risks are not systematically integrated as they are not considered as part of the Index selection process. The return of the fund depends mainly on the performance of the tracked index. This class distributes its net income in order to maintain the maximum tracking accuracy of the MSCI USA Value Index (Net Return).
Keep reading the KID section ▾
Intended retail investorThis fund applies to retail investors with a basic financial understanding, who can accept a possible loss on the investment amount. The fund is aimed at growing the investment value, while granting daily access to the capital under normal market conditions. With their investment in this fund, investors can satisfy medium term investment needs. The fund is suited to be acquired by the target client segments without any restriction of the distribution channel or platform. Depositary State Street Custodial Services (Ireland) Limited Further Information Information about UBS MSCI USA Value UCITS ETF and the available share classes, the full prospectus, and the latest annual and semi-annual reports, as well as additional information can be obtained free of charge from the fund management company, the central administrator, the custodian bank, the fund distributors or online at www.ubs.com/etf. Latest price can be found at www.ubs.com/etf
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.
Fund performance
issuer-declared net asset value (NAV) · USD · from Apr 2012 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+353.3%
Annualised
+11.1%
Volatility (ann.)
15.5%
Max drawdown
-37.24%
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.
Drawdown — distance from previous peak
This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
Max drawdown
-37.24%
peak → trough
Trough
23 Mar 2020
from the 17 Jan 2020 peak
Recovery time
289 days
recovery only: trough to break-even · ≈ 9 months
Underwater
355 days
decline + recovery: peak to break-even · ≈ 12 months · → recovered on 06 Jan 2021
The five worst falls in the period
From the peak of
Trough
Depth
Back to break-even
Days underwater
17 Jan 2020
23 Mar 2020
-37.24%
06 Jan 2021
355
04 Jan 2022
30 Sept 2022
-18.73%
27 Dec 2023
722
26 Jan 2018
24 Dec 2018
-17.72%
30 Apr 2019
459
29 Nov 2024
08 Apr 2025
-14.90%
03 Jul 2025
216
21 May 2015
11 Feb 2016
-13.74%
02 Jun 2016
378
Calendar-year returns
2016
16.1%
2017
14.7%
2018
-7.8%
2019
25.0%
2020
0.4%
2021
26.4%
2022
-6.8%
2023
8.6%
2024
13.7%
2025
13.1%
2026
16.7%
Month-by-month returns
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Year
2026
4.4
1.8
-5.3
7.4
2.4
-0.3
2.8
3.1
-0.3
16.7
2025
4.4
0.9
-2.5
-3.6
2.6
4.4
0.5
2.7
1.8
-1.0
1.7
0.7
13.1
2024
0.5
3.4
4.8
-4.2
2.9
-0.0
4.8
2.8
1.7
-1.2
5.4
-7.0
13.7
2023
3.2
-3.5
-0.7
1.3
-4.1
6.1
3.5
-2.5
-3.7
-2.9
7.1
5.5
8.6
2022
-2.5
-1.9
2.9
-5.0
1.8
-8.2
5.6
-2.9
-8.2
11.1
6.0
-3.8
-6.8
2021
-1.2
4.5
6.8
3.6
2.5
-1.0
1.1
1.9
-3.7
5.7
-2.8
6.8
26.4
2020
-2.5
-9.7
-15.7
10.6
2.8
-0.8
3.7
3.9
-2.3
-2.3
12.9
3.2
0.4
2019
7.1
3.1
0.8
3.2
-6.6
6.8
1.0
-2.7
3.5
1.4
3.0
2.7
25.0
2018
3.8
-5.1
-2.1
0.2
0.4
0.5
4.2
1.3
0.4
-4.4
2.9
-9.2
-7.8
2017
0.4
3.6
-0.7
-0.1
0.1
1.8
1.4
-0.9
2.9
1.2
3.0
1.2
14.7
2016
-4.4
-0.2
6.7
1.2
1.6
1.1
2.9
0.5
-0.2
-1.6
4.9
2.8
16.1
2015
-4.0
4.9
-2.1
1.9
0.9
-2.6
0.7
-5.8
-2.1
7.9
0.3
-1.6
-2.5
2014
-3.6
3.9
2.7
1.2
1.4
2.0
-1.8
3.4
-1.5
1.9
1.7
-0.1
11.6
2013
6.2
1.5
3.8
2.6
2.2
-0.8
4.5
-3.8
2.2
4.7
2.6
2.3
31.4
2012
-5.9
4.7
1.2
1.3
2.9
-0.6
-0.7
1.9
7.1
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: UBS. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.
Tracking difference — fund vs index
How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 10 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.21% /anno
Declared TER
0.20%
Year
Fund
Index
Difference
2025
+13.13%
+12.97%
+0.16%
2024
+13.74%
+13.55%
+0.19%
2023
+8.64%
+8.35%
+0.29%
2022
-6.80%
-6.96%
+0.16%
2021
+26.44%
+26.29%
+0.15%
2020
+0.37%
+0.05%
+0.32%
2019
+25.00%
+24.61%
+0.39%
2018
-7.75%
-7.96%
+0.20%
2017
+14.69%
+14.42%
+0.27%
2016
+16.10%
+15.83%
+0.26%
Fund return with dividends reinvested by Rebalix on each ex-date (the issuer does not publish a total-return series); index from the issuer-declared series; complete calendar years covered by our dividend archive. complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →
Risk indicators· EUR
Last year
Last 3 years
Last 5 years
Last 10 years
Full history
Volatility (ann.)
10.64%
13.53%
15.35%
17.72%
17.04%
Max drawdown
-5.57%
-19.37%
-19.37%
-36.71%
-36.71%
Sharpe
1.63
0.67
0.45
0.45
0.58
Sortino
2.37
0.93
0.63
0.63
0.82
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.
According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:
IE00B78JSG98(class: USD dis)
XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.
Stock exchange listings
Exchange
Ticker
Trading since
Borsa Italiana (ETFplus)
USVEUY
14 Jan 2013
Börse Düsseldorf
UBU5
15 Nov 2012
Börse Frankfurt
UBU5
30 May 2012
Börse Hamburg
UBU5
1 Aug 2016
Börse Hannover
UBU5
9 Dec 2024
Börse München / gettex
UBU5
4 Jul 2014
Börse Stuttgart
UBU5
11 Oct 2012
Tradegate Exchange
UBU5
9 Mar 2017
Xetra (Deutsche Börse)
UBU5
30 May 2012
+ 18 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.
Frequently asked questions
Which index does UBS MSCI USA Value UCITS ETF USD dis track?
The issuer UBS declares the benchmark: MSCI USA Value Total Return Net.
How much does UBS MSCI USA Value UCITS ETF USD dis cost?
The issuer-declared TER is 0.20% per year; the transaction costs estimated in the KID are 0.00%.
How is UBS MSCI USA Value UCITS ETF USD dis taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of UBS MSCI USA Value UCITS ETF USD dis?
The fund size declared by UBS is about 675 million euro.
When was UBS MSCI USA Value UCITS ETF USD dis launched?
The fund was launched on 11 April 2012: it has 14 years of history.
How does UBS MSCI USA Value UCITS ETF USD dis replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (full replication) (issuer wording: “Fisica (Replica completa)”).
Does UBS MSCI USA Value UCITS ETF USD dis pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Sì”).
Where does UBS MSCI USA Value UCITS ETF USD dis trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (USVEUY), Börse Düsseldorf (UBU5), Börse Frankfurt (UBU5), Börse Hamburg (UBU5), Börse Hannover (UBU5), Börse München / gettex (UBU5).
What was UBS MSCI USA Value UCITS ETF USD dis's worst fall?
Over the available history (since 2012), the maximum drawdown was -37.96%, reached in March 2020. Past performance is not indicative of future results.
What is UBS MSCI USA Value UCITS ETF USD dis's tracking difference?
Over the last 3 complete calendar years the fund returned on average +0.21% per year versus its index (from issuer-declared series).
How many securities does UBS MSCI USA Value UCITS ETF USD dis hold?
The declared portfolio holds 390 securities; the top 10 positions weigh 29.1%.
Transparency note
The data in this sheet is declared by UBS in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.